Its amazing that IGO is still capitalised at around $100M when it will earn a net profit of +$20M this year and between $30-40M for the years following that at the expanded production rate. Its trading at a forecast next year PE ratio of something like 2x - a PE of a coffee shop or a laundry.
Probably the best opportunity in the market atm.
If there are others please let me know!
latest bluebook entry, page-3
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Last
$6.07 |
Change
0.150(2.53%) |
Mkt cap ! $4.596B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $6.14 | $5.91 | $17.77M | 2.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 43532 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.08 | 30273 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |